Retirement plan

SHEBOYGAN SENIOR COMMUNITY RETIREMENT SAVINGS PLAN

Name: SHEBOYGAN SENIOR COMMUNITY - SHEBOYGAN SENIOR COMMUNITY RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: SHEBOYGAN SENIOR COMMUNITY
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, SHEBOYGAN SENIOR COMMUNITY RETIREMENT SAVINGS PLAN, SHEBOYGAN SENIOR COMMUNITY

SHEBOYGAN SENIOR COMMUNITYEIN 39-6069188Plan #001PY 2024

3505 COUNTY ROAD Y - SHEBOYGAN, WI 53083920-458-2137sscnonprofit.orgLinkedIn51-200 employeeshospital & health care

Prospect flagsFailed to transmit contributions

How to read this page

Total assets (EOY)

$3.2M

+20.9% from 2023

Total participants

207

+8.9% from 2023

Average account balance

$20,275

+21.7% from 2023

Annual return

15.13%

-4.63 pp from 2023

Benchmarks

See 6,007 peers

Peer group

Industry62 - Health Care and Social Assistance

Plan typeDefined contribution

Participants100-249

Cohort6,007 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$3.16M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$20K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

156

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

71.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$456K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.13%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$167

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
ALERUS FINANCIAL, N.A.10+ years Service code 15 · EIN 45-6062081	Recordkeeping	$14,294
PEAK RETIREMENT GROUP1 year Service code 13 · EIN 81-0831793	Contract Administrator	$10,506
PRINCIPAL LIFE INSURANCE COMPANY1 year Service code 13 · EIN 42-0127290	Contract Administrator	$9,319

Plan features & details

Pension benefit codes2A2E2G2L2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$26K

$145 / participant

Other / not subdivided$26K100.0%

% of EOY assets

0.822%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746479
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$20,275

$55,446-63.4%

$155,574-87.0%

$74,429-72.8%

Participation rate

71.7%

61.9%+9.8pp

78.2%-6.5pp

67.2%+4.5pp

Annual return

15.13%

269.20%-254.1pp

64.87%-49.7pp

1368.38%-1353.3pp

Employer contribution / active EE

$884

$2,266-61.0%

$4,676-81.1%

$2,625-66.3%

Participant deferral / active EE

$1,648

$2,836-41.9%

$5,629-70.7%

$4,348-62.1%

Admin fee / account holder

$167

$1,743-90.4%

$15,914-99.0%

$1,944-91.4%

Provider

Service type

Compensation

ALERUS FINANCIAL, N.A.10+ years

Service code 15 · EIN 45-6062081

Recordkeeping

$14,294

PEAK RETIREMENT GROUP1 year

Service code 13 · EIN 81-0831793

Contract Administrator

$10,506

PRINCIPAL LIFE INSURANCE COMPANY1 year

Service code 13 · EIN 42-0127290

Contract Administrator

$9,319

SHEBOYGAN SENIOR COMMUNITY RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

SHEBOYGAN SENIOR COMMUNITY RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion